Mass Spectrometry Market by Platform (Hybrid mass spectrometry (Triple Quadrupole, QTOF & FTMS), Single mass spectrometry (Quadrupole, TOF & Ion Trap)), Application (Pharmaceuticals, Biotechnology, Environmental testing) - Global Forecast to 2022

Published: November 2017
No. of Pages: 176
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“Mass Spectrometry market is projected to grow at a CAGR of 7.4%”

The global mass spectrometry market is expected to reach USD 5.27 billion in 2022 from USD 3.68 billion in 2017at a CAGR of 7.4%. The key factors driving the growth of the overall mass spectrometry market include the rising food safety concerns, increase in investment on pharmaceutical research and development, government initiatives for pollution control and environmental testing and technological advancements in mass spectrometry. However, the high cost of mass spectrometry systems is likely to restrain the growth of the market during the forecast period.

“The pharmaceutical application is projected to grow at the highest CAGR during the forecast period”

Based on application, the mass spectrometry market is segmented into pharmaceutical applications, biotech applications, environmental testing, food and beverage testing, petrochemical applications, and other applications. During the forecast period, the pharmaceutical application is expected to grow at the highest CAGR. This growth is mainly due to the growing importance of mass spectrometry in various stages of drug development and increasing R&D in pharmaceutical industries.

“North America to witness the highest growth during the forecast period”

North America is expected to register the highest CAGR in the global mass spectrometry market during the forecast period of 2017–2022.Factors such as growing bio pharmacuetical and biotechnology research & development and availability of funding for innovation-based research coupled with the boost in the US shale oil and gas production are expected to drive market growth during the forecast period.

Break of primary participants was as mentioned below:

  • By Company Type – Tier 1–52%, Tier 2-30%, and Tier 3–18%
  • By Designation – C-level–45%, Director Level–30%, Others–25%
  • By Region – North America–36%, Europe–24%, AsiaPacific–29%, RoW–11%

Some of the major players in the mass spectrometry market include Sciex (Subsidiary of Danaher) (US),Agilent Technologies (US), Waters Corporation (US), Thermo Fisher Scientific (US), PerkinElmer(US), and Shimadzu Corporation (Japan).

Research Coverage:

The report analyzes the mass spectrometry market and aims at estimating the market size and the future growth potential of this market based on various segments such as type of mass spectrometry on the basis of platform, application, and region. The report also includes an in-depth regulatory analysis for various regions across the globe and competitive analysis of the key players in this market along with their company profiles, product and service offerings, recent developments, and key market strategies.

Reasons to Buy the Report

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a greater share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies.

This report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on product and service portfolios offered by the top players in the global mass spectrometry market
  • Service Enhancement/Innovation: Detailed insights on upcoming trends and service launches in the global mass spectrometry market
  • Market Development: Comprehensive information about the lucrative emerging markets by type of platform, application, and region
  • Market Diversification: Exhaustive information about new services or service enhancements, growing geographies, recent developments, and investments in the global mass spectrometry market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and services of leading players in the market.

Published By: MarketsandMarkets
Product Code: MarketsandMarkets1724

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